Answer:
$279.98
Step-by-step explanation:
A 20/6 balloon payment means loan amortization is for 20 years and constant payments is for 6 years after which balloon payment is due.
The formula to calculate her constant payments based on a 15 year amortization plan is
A= P × r × r(1+r)^n/(1+r)^n-1
Where A = constant monthly payments for the 6 year period
r= interest rate
P= mortgage value loan
n= number of months =20×12=240 payments
Substitute values in the formula:
A= $155000× 0.0425×0.0425(1+0.0425)^240/(1+0.0425)^240-1
A= $279.98
To calculate what she would pay before balloon payment is due, we simply multiply her monthly payments $279.98 by number of payments 240
Answer:
ggggggggggggggggggggggggggg
Step-by-step explanation:
The money in account is $36.38.
Let, the current amount in the bank amount is x.
And the amount of money that will be deposited is y.
So, the total amount that will be in the bank can be denoted by x+y.
Given that you have $21.15 in the bank account.
So, value of x = $21.15
The amount you will be depositing in the bank account is $15.23.
So, value of y = $15.23
Hence, the total amount in the bank will be
Already amount in the bank (x) + deposited amount in the bank (y)
So, x +y
$21.15 + $ 15.23
Total amount in the bank = $36.38
Hence, total amount in the bank is $36.38
Learn more about the bank account problems here brainly.com/question/14017594
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the object whose measurements are required, is not measured directly hope this helps
Answer:
c
Step-by-step explanation:
